The world’s third largest coal producer remains on track to meet future needs
by rajesh nath and ajmal fawad
Indian coal production grew to 663 million metric tons (mt) during fiscal year 2016-2017 from 639 million mt achieved during the previous year, a compound annual growth rate of 3.7%. Most (84%) of the coal production in the country comes from Coal India Ltd. (CIL). The company has eight subsidiaries: Bharat Coking Coal Ltd., Central Coalfields Ltd., Eastern Coalfields Ltd., Western Coalfields Ltd., South Eastern Coalfields Ltd., Northern Coalfields Ltd., Mahanadi Coalfields Ltd., and Central Mine Planning & Design Institute Ltd.
To meet the coal demand and minimize coal imports, the government has put coal production in the country on a fast track and has set a target of 1.5 billion mt of domestic coal production by fiscal year 2020. To meet this target, the government has set a goal of 1 billion mt of coal production for CIL by fiscal year 2020 and the company developed a roadmap in 2015 for meeting the challenge. The goals for coal production were 97% achieved by CIL in 2015-2016 and 99% achieved by Singareni Collieries Co. Ltd. (SCCL).
Read the Whole Article in our Digital Edition
